Chimera Investment Corp. (NYSE:CIM) reached a new 52-week high on Monday . The stock traded as high as $16.36 and last traded at $16.35, with a volume of 556,621 shares trading hands. The stock had previously closed at $16.33.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Chimera Investment Corp. from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Wells Fargo & Co. cut Chimera Investment Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 4th. Finally, Nomura reissued a “buy” rating and issued a $17.00 price objective on shares of Chimera Investment Corp. in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.07.

The stock has a market capitalization of $3.07 billion and a PE ratio of 12.086. The company has a 50-day moving average of $15.72 and a 200 day moving average of $14.09.

Chimera Investment Corp. (NYSE:CIM) last released its earnings results on Monday, May 2nd. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. During the same period in the prior year, the firm posted $0.59 earnings per share. Equities analysts predict that Chimera Investment Corp. will post $2.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 11.78%. The ex-dividend date of this dividend is Tuesday, June 28th.

A number of large investors have recently added to or reduced their stakes in CIM. Advisors Asset Management Inc. boosted its stake in Chimera Investment Corp. by 17.7% in the fourth quarter. Advisors Asset Management Inc. now owns 1,172,525 shares of the company’s stock valued at $15,993,000 after buying an additional 176,115 shares during the last quarter. Buckhead Capital Management LLC boosted its stake in Chimera Investment Corp. by 3.6% in the fourth quarter. Buckhead Capital Management LLC now owns 79,800 shares of the company’s stock valued at $1,088,000 after buying an additional 2,800 shares during the last quarter. Thornburg Investment Management Inc. boosted its stake in Chimera Investment Corp. by 11.4% in the fourth quarter. Thornburg Investment Management Inc. now owns 6,629,551 shares of the company’s stock valued at $90,427,000 after buying an additional 680,500 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Chimera Investment Corp. during the fourth quarter valued at approximately $1,092,000. Finally, California Public Employees Retirement System boosted its stake in Chimera Investment Corp. by 6.3% in the fourth quarter. California Public Employees Retirement System now owns 588,940 shares of the company’s stock valued at $8,033,000 after buying an additional 35,000 shares during the last quarter.

Chimera Investment Corporation is a real estate investment trust. The Company is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities.

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